The market is winding down with typical holiday action, grinding slightly higher. Notable weakness was seen today in Treasuries, coffee, and natural gas, though the latter two may very well prove to be a buying opportunity. Treasuries, of course, are likely to be a key market for many reasons in 2014.
Overall, 2013 was a very strong year for bulls, where circumstances like price remaining above the 200-day moving average on the S&P 500 Index for thirteen months never seemed to be a problem for buyers. If anything, the momentum galvanized them, regardless of how long in the tooth it seemed.
I am looking forward to working more with all of you in 2014. I am always striving to improve, and you can see my work product day-in, day-out on this blog as well as inside 12631. For that reason, if you have been on the fence as to whether to join 12631 to work with me and @RaginCajun, you have a golden opportunity before midnight tonight.
By the time the ball drops in Times Square tonight, membership rates to the 12631 Trading Service will have risen.
Here are the new rates:
Monthly: $59.95
Semi-Annual: $299.95
Annual: $459.95
The good news is that if you join our service before New Year’s Eve, you will be locked into the current, soon-to-be-old, cheaper rates as long as you continue to be a subscriber.
ACT NOW! Please click on this 12631 hyperlink for more details about joining @RaginCajun and I inside our LIVE TRADING ROOM.
The way we see it, the big winners will eventually take care of themselves–What we care about most is mitigating downside and not being stubborn with losers, and not taking on unnecessary risks. In addition, we strive to preserve a top shelf, quality atmosphere for traders of all backgrounds. We fuse together actionable idea flow with a constant emphasis on proper risk management techniques in our streaming, Twitter-like, state of the art chat room.
HAVE A HAPPY AND SAFE NEW YEAR’S EVE!
Happy New Year Chess!
Chess, Happy New Year! Hopefully you get to blow off a little steam tonight, and rest tomorrow. I consider you the hardest working man in the business….. and a true friend.
Good show Chess. I made a living in 2013 but I won’t be buying any yacht’s anytime soon. To many emotional mistakes that needs work. Hope your year was killer. I raise my glass to you. Happy New Year.
Why I Am a Trader
Trading offers lessons in life; it is a microcosm of life.
In trading we learn to master ourselves, even as we hone skills.
Trading teaches us to identify and pursue opportunity in the face of uncertainty.
Trading requires us to understand and respect risk, but not become paralyzed by it.
Trading pushes us to seek situations that offer more reward than loss, to stick with what is rewarding and exit what is not.
Trading requires that we be prepared and disciplined, that we continually learn and relearn.
Trading teaches us that there are times to be aggressive, to go after our convictions with confidence; it also teaches us the value of prudence and protecting what we have;
Trading calls on us to be patient–and to be decisive; to believe in ourselves–and to be ever aware of our vulnerabilities;
Trading prods us to be more than who we are by being more of who we are when we’re at our best.
Happy New Year Chess, thank you. You’ve been on top all the time, all the F***** time 🙂
agreed..
Thanks, Chess, as always!
I raise my glass with gratitude and wish all of you ‘Beautiful People’ a wonderful 2014…
It’s been a Mighty Fine Year.
~Cheers
just had to join 12631 !
looking forward to 2014 with the 12631
thanks soo much Chess\have a great NY
still waiting for a password thou